# Moscow Talks, Canola Reopens, Algeria Wheat: Nov 12

> U.S. envoys Steve Witkoff and Jared Kushner met Vladimir Putin in Moscow after Abu Dhabi talks that produced a prisoner exchange but no move to reopen Black Sea trade. ICE canola reopened higher after Remembrance Day, with January at C$778.30 per tonne, and Algeria bought more than 700,000 tonnes of milling wheat at about US$313 a tonne cost and freight.

- Date: 2026-11-12 · published 2026-11-13T03:07:00.039Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/97013-moscow-talks-canola-reopens-algeria-wheat-nov-12
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Stalled Black Sea talks keep Ukrainian and Russian grain flows constrained, supporting wheat prices. Algeria's large purchase, with Argentina expected to supply much of it, signals firm import demand for wheat, while higher canola reflects overseas vegetable oil strength.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-03-14 | [France can export much more wheat than expected](https://feedsoft.ai/events/42209-france-can-export-much-more-wheat-than-expected.md) | -1.8% | +6.6% |
| WHEAT | 2026-07-16 | [Wheat markets respond to Sea of Azov attacks - Grainews](https://feedsoft.ai/events/5069-wheat-markets-respond-to-sea-of-azov-attacks-grainews.md) | +3.9% | +0.1% |
| WHEAT | 2026-03-06 | [Wheat Climbs the Most Since 2024 as Grains Follow Surging Crude](https://feedsoft.ai/events/9847-wheat-climbs-the-most-since-2024-as-grains-follow-surging-crude.md) | +0.8% | +0.1% |
| WHEAT | 2026-09-01 | [Wheat at war \| The Star](https://feedsoft.ai/events/17431-wheat-at-war-the-star.md) | +1.0% | +2.6% |
| WHEAT | 2025-02-14 | [Wheat, the Dog of the Grain Complex, Rallies to New Highs for the Move - AgWeb](https://feedsoft.ai/events/26092-wheat-the-dog-of-the-grain-complex-rallies-to-new-highs-for-the-move-agweb.md) | +1.6% | -2.8% |
| KWHEAT | 2022-03-14 | [France can export much more wheat than expected](https://feedsoft.ai/events/42209-france-can-export-much-more-wheat-than-expected.md) | -0.5% | +2.9% |
| KWHEAT | 2026-07-16 | [Wheat markets respond to Sea of Azov attacks - Grainews](https://feedsoft.ai/events/5069-wheat-markets-respond-to-sea-of-azov-attacks-grainews.md) | +6.0% | +0.1% |
| KWHEAT | 2026-03-06 | [Wheat Climbs the Most Since 2024 as Grains Follow Surging Crude](https://feedsoft.ai/events/9847-wheat-climbs-the-most-since-2024-as-grains-follow-surging-crude.md) | +2.8% | +5.2% |

## Sources

- pgi.klarenbach.ca: https://pgi.klarenbach.ca/p/moscow-talks-canola-reopens-and-algeria-wheat-nov-12-2026

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.